Egyptian political instability directly affect the export of footwear and other related products

Egyptian political instability directly affect the export of footwear and other related products

As we all know, Egypt is one of important export markets of Quanzhou. Exit Inspection and Quarantine, according to statistics of Quanzhou, Quanzhou exported to Egypt in 2010 the French seized a total of 485 approved products, the value of $ 12,610,000, exported products include casual Nike Air Max shoes, ceramics, clothing, bags, machinery parts, resin crafts, etc. . However, due to the recent political turmoil in Egypt, but also by the corresponding impact on the export of Quanzhou.

Ministry of Foreign Trade Yang Qiulan Pick shoe brand, said the Egyptian enterprises to undertake the current orders to be shipped to the May before, when the Egyptian political situation should be stabilized, the present, not yet the political instability in Egypt on business impact.

So, for the emergence of the political turmoil in Egypt, and Egypt in the trade of Quanzhou how to avoid risk? Guo Jianzhou that enterprises in developing Egypt and other African markets, political instability for the country from these new customers, companies should be required before departure hundred percent customer in the payment of goods, thereby reducing the risk of corporate receivables. In addition, businesses can also use the state export credit insurance, to avoid trade risks.

Huaqiao University, Associate Dean of GUCCI Sunglasses Business Administration Professor Zeng Lu said that when the political turmoil of a country, the enterprise must not easily take orders, to be alert to this country with poor credit business opportunity for profit, such as political stability and re-open the market, they must in order to keep order and runs the risk of immediate.

Quanzhou responsible person, is second only to South Africa, Egypt, Africa's second largest importing country, every year from overseas Jinkou need a lot of mechanical and electrical products, small equipment, light industry products (including footwear, household ceramics, home electrical appliances and parts, paper, toys, luggage, etc.), light industry enterprises in Quanzhou, the Egyptian market, a great potential to be tapped.

"Egypt the situation is stable, local market demand will be gradually restored, the relevant export enterprises should be early contact with the Egyptian customers, ahead of the layout, to understand the situation stabilized in the Egyptian market demand changes, the adjustment of product structure, in order to be prepared to take orders. "dealt with Egyptian merchants played for many years a foreign trade company in Quanzhou Forest Management said that the Egyptian Armani Sunglasses businessman against samples, like, need to develop the Egyptian market, companies can consider participating approach has been successfully held forty session of the Cairo International Fair is a good choice.

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